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TeamViewer Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc, full-year 2026 guidance reaffirmed
TeamViewer Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc, full-year 2026 guidance
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EQS-News: TeamViewer SE / Key word(s): Quarter Results TeamViewer Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc, full-year 2026 guidance reaffirmed 06.05.2026 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement.Q1 2026 Press Release and Quarterly Statement GÖPPINGEN, Germany, 6 May 2026TeamViewer Q1 2026: Revenue in line with expectations, Enterprise ARR up +8% cc, full-year 2026 guidance reaffirmedTopline broadly stable, in line with expectations: Q1 2026 Revenue €183.2m (-0.4% cc yoy[1]) and ARR €737.3m (+0.2% cc yoy), in line with 0% to 3% cc full-year 2026 Revenue guidance and consistent with internal phasing expectationsGrowth in Q1 impacted by two anticipated effects as disclosed with Q4 2025 results: one-off 1E churn and SMB course correction measures Healthy underlying Enterprise ARR growth: Enterprise ARR grew +8% cc yoy in Q1 2026. As disclosed with Q4 2025 results, €8m of one-off churn from 1E was absorbed in the Q1 2026 Enterprise performance. Without one-off 1E customer churn, Enterprise ARR would have been +11% cc yoy. One-off 1E churn effects are now largely complete and remaining customer base is stable. Enterprise ARR excl. DEX was up +18% cc yoy, demonstrating continued and strong underlying growthStrategic course correction in SMB: SMB churn is tracking as anticipated. Soft SMB performance was a direct consequence of SMB course correction measures, especially impacting small accounts (ARR < €1.5k). SMB churn is expected to remain elevated in Q2 2026 and to stabilize in H2 2026Maintaining best-in-class profitability: Q1 2026 Adjusted EBITDA of €83.0m (+2% yoy), with a margin of 45.3%, as anticipated. This reflects deliberate phasing of Marketing cost ahead of Q2 2026 commercial activation, while organic investments in Sales and Research & Development are ongoingFull-year 2026 guidance reaffirmed: Revenue growth 0% to 3% cc yoy[2], Adjusted EBITDA margin unchanged ~43%. SMB headwinds and 1E one-off churn effects developing as expected, visibility remains good for the remainder of the year, H2 ARR growth acceleration on track. Year-end leverage target of ~2.3x on trackAI adoption is scaling rapidly, firmly embedded in customer workflows: Cumulatively, TeamViewer clients have generated more than 1.4m AI session summaries, with more than 300k added in March al...